NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 69.2% and is now trading at $37.23. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its earnings results on Thursday, May, 28th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The semiconductor company had revenue of $694 million for the quarter, compared to analysts' expectations of $680.19 million. Marvell Technology Group had a net margin of 55.66% and a return on equity of 2.82%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. View Marvell Technology Group's earnings history.

Marvell Technology Group declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.06 per share on Wednesday, July 29th. This represents a $0.24 annualized dividend and a yield of 0.64%. The ex-dividend date is Friday, July 10th. View Marvell Technology Group's dividend history.

Marvell Technology Group announced that its Board of Directors has authorized a share buyback program on Tuesday, October 16th 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

24 brokerages have issued 12 month target prices for Marvell Technology Group's shares. Their forecasts range from $18.00 to $42.00. On average, they expect Marvell Technology Group's share price to reach $32.41 in the next year. This suggests that the stock has a possible downside of 13.0%. View analysts' price targets for Marvell Technology Group.

News articles about MRVL stock have trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Marvell Technology Group earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Marvell Technology Group.

Marvell Technology Group saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 16,600,000 shares, a decrease of 34.5% from the June 15th total of 25,360,000 shares. Based on an average daily volume of 9,860,000 shares, the short-interest ratio is currently 1.7 days. Approximately 2.5% of the company's shares are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Silicon Laboratories (SLAB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by many different institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.29%), Robecosam AG (0.23%), Scout Investments Inc. (0.07%), Envestnet Asset Management Inc. (0.04%), State of Alaska Department of Revenue (0.03%) and First American Trust FSB (0.02%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Wedge Capital Management L L P NC, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Eidelman Virant Capital, and IBM Retirement Fund. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

MRVL stock was bought by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., DNB Asset Management AS, Investment House LLC, Brasada Capital Management LP, First American Trust FSB, Livforsakringsbolaget Skandia Omsesidigt, and Ellevest Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $37.23.

Marvell Technology Group has a market capitalization of $24.77 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]